The world largest source of copper is the Cerro Verde open pit mine in Peru. Mineral rich Peru and Chile are prospering. The Peru - China trade (once based on the Cerro de Pasco silver mines, now on copper) is flourishing again. Peru is going to be very rich again.
7 comments:
It is my understanding that much of the silver mined from the New World eventually ended up in China - there was always strong European demand for Chinese exports such as porcelain and tea and the Chinese demanded payment only in silver as they considered themselves self-sufficient in everything else, so over the course of hundreds of years the Peruvian silver migrated to China.
K
That's what I am saying. The silver from Mexico and Peru was sent by the yearly galleons to the Phillipines and fromthere to China. Once more, the trade is active, this time with copper.
Who owns this mine?
Anon.
Sociedad Minera Cerro Verde, a Peruvian corporation. I dont know who REALLY owns it.
It is the people's mine!!!
Anon.
Not in Peru! The Sendero Luminoso has been disbanded and the country is in a capitalist mood.
Till the next time.
Sociedad Minera Cerro Verde SAA is a Peru-based mining company. Its activities include the extraction, exploitation, commercialization of copper from the deposits located in the southeast of the city of Arequipa, as well as the development and commercialization of copper cathodes. The Company’s market scope comprises Asia, Europe and North and South America. In addition, the Company holds a copper sale agreement with Sumitomo Metal Mining Company Ltd, as well as a molybdenum sale contract with Climax Molibdenum Marketing Corporation, which in turn is in 100%-owned by Cyprus Metals Company. The Company’s majority shareholder is Freeport Mc-MoRan Copper and Gold Inc , with 53.56% of its interests.
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